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he says he doesn't want to engage congress in a debate over the debt ceiling. >> we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> all right. let's show you where we stand at the moment as far as the ftse global 300 is concerned. up 41, 5,144 where we stand at the moment. if we pulled up the heat map, you could see we've been weighted so much to the upside, 9-1, advances outpacing decliners at the moment on the dow jones stock 600. that translates into solid gains this morning for the european equity markets. the ftse up only 6% for the year. but this morning, up 1.8%. 111 points. and we're through 6,000 for the first time since july, 2011. now the xetera dax, the standout performer in europe last year, up nearly 29%. the last quarter up 5.4%. up 2% this morning. we've got the cac up 2%, as well. up some, what, 15% during the course of 2012. the ibex, underperformer in 2012, down some 4%. this morning up 2%, as well.
he says he doesn't want to engage congress in a debate over the debt ceiling. >> we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> all right. let's show you where we stand at the moment as far as the ftse global 300 is concerned. up 41, 5,144 where we stand at the moment. if we pulled up the heat map, you could...
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a request for a high ceiling and the other one is the long term solution would be budget deficit fiscal deficit is running one trillion dollars a year. tax increases spending because the problem is only reduce the deficit by several like two hundred billion dollars it's way short the government the u.s. government have to cut the deficit to zero or actually to a surplus in order to pay off the huge debt. face america is unlikely to rake in a few more dollars next year is on sales and there is most likely to be in pushing weapons in the asia pacific we have analysis on that to come later in the program. where the new country taking charge of europe's revolving presidency promises to secure economic stability that country is ireland one of the bailed out nations with second only to its own debt crisis while financial analyst robert oulds told me this may prove too big a task for doubling. one of the key challenges facing many countries in europe is of course the economic difficulties. is of course rigidly sticking to the austerity drive which the european union wants which it mandating ar
a request for a high ceiling and the other one is the long term solution would be budget deficit fiscal deficit is running one trillion dollars a year. tax increases spending because the problem is only reduce the deficit by several like two hundred billion dollars it's way short the government the u.s. government have to cut the deficit to zero or actually to a surplus in order to pay off the huge debt. face america is unlikely to rake in a few more dollars next year is on sales and there is...
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Jan 2, 2013
01/13
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you're all important, all members of congress but you're a member of the leadership. how will you do things differently going forward with the debt ceiling debate, the sequester debate? >> i disagree with some of your earlier callers. we didn't have a downgrade because of the debt ceiling debate. we had it because we weren't dealing with our deficit. >> that's not entirely true -- >> that is entirely true -- >> it is actually isn't. i enjoy talking to you but it's not true. >> you can't have trillion dollar -- >> give me five minutes and i'll pull out s&p reports. i don't know as much about congress as you do but i do know about this. >> i can assure you when you're spending that much more than you're taking in, that's the cause of the problem and we have no creditable plan. the president, have i a lot of respect for him pip worked with him on this and worked with him tonight and i'm proud to do so. when you get a vote up here, when you have a democratic senate that can't produce a budget in three years. >> listen, i don't think the president is blameless and i don't
you're all important, all members of congress but you're a member of the leadership. how will you do things differently going forward with the debt ceiling debate, the sequester debate? >> i disagree with some of your earlier callers. we didn't have a downgrade because of the debt ceiling debate. we had it because we weren't dealing with our deficit. >> that's not entirely true -- >> that is entirely true -- >> it is actually isn't. i enjoy talking to you but it's not...
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Jan 2, 2013
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you're all important, all members of congress but you're a member of the leadership. how will you do things differently going forward with the debt ceiling debate, the sequester debate? >> i disagree with some of your earlier callers. we didn't have a downgrade because of the debt ceiling debate. we had it because we weren't dealing with our deficit. >> that's not entirely true -- >> that is entirely true -- >> it is actually isn't. i enjoy talking to you but it's not true. >> you can't have trillion dollar -- >> give me five minutes and i'll pull out s&p reports. i don't know as much about congress as you do but i do know about this. >> i can assure you when you're spending that much more than you're taking in, that's the cause of the problem and we have no creditable plan. the president, have i a lot of respect for him pip worked with him on this and worked with him tonight and i'm proud to do so. when you get a vote up here, when you have a democratic senate that can't produce a budget in three years. >> listen, i don't think the president is blameless and i don't
you're all important, all members of congress but you're a member of the leadership. how will you do things differently going forward with the debt ceiling debate, the sequester debate? >> i disagree with some of your earlier callers. we didn't have a downgrade because of the debt ceiling debate. we had it because we weren't dealing with our deficit. >> that's not entirely true -- >> that is entirely true -- >> it is actually isn't. i enjoy talking to you but it's not...
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Jan 2, 2013
01/13
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you're all important, all members of congress but you're a member of the leadership. how will you do things differently going forward with the debt ceiling debate, the sequester debate? >> i disagree with some of your earlier callers. we didn't have a downgrade because of the debt ceiling debate. we had it because we weren't dealing with our deficit. >> that's not entirely true -- >> that is entirely true -- >> it is actually isn't. i enjoy talking to you but it's not true. >> you can't have trillion dollar -- >> give me five minutes and i'll pull out s&p reports. i don't know as much about congress as you do but i do know about this. >> i can assure you when you're spending that much more than you're taking in, that's the cause of the problem and we have no creditable plan. the president, have i a lot of respect for him pip worked with him on this and worked with him tonight and i'm proud to do so. when you get a vote up here, when you have a democratic senate that can't produce a budget in three years. >> listen, i don't think the president is blameless and i don't
you're all important, all members of congress but you're a member of the leadership. how will you do things differently going forward with the debt ceiling debate, the sequester debate? >> i disagree with some of your earlier callers. we didn't have a downgrade because of the debt ceiling debate. we had it because we weren't dealing with our deficit. >> that's not entirely true -- >> that is entirely true -- >> it is actually isn't. i enjoy talking to you but it's not...
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Jan 2, 2013
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and then there's the $16.4 trillion debt ceiling. we just hit it according to the treasury secretary and the president already drawing the line in the sand for that fight. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. if congress refuses to give the united states government the ability to pay these bills on time, the consequences would be catastrophic. >> brianna kealar is live from washington working triple duty for us. so tell us more about what is not included in this deal and what battles are now looming in congress. >> let's say first what is in the deal that is important to note. and that is that when you're talking about these tax cuts that have been extended for people making $3450,000 or less as a couple $400,000 or less as an individual, they're prmly extended. so that's pretty significant because that isn't just some stop gap one year, two year measure. the issues that aren't tackled are what the fiscal cliff was supposed to serve as an in
and then there's the $16.4 trillion debt ceiling. we just hit it according to the treasury secretary and the president already drawing the line in the sand for that fight. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. if congress refuses to give the united states government the ability to pay these bills on time, the consequences would be catastrophic. >> brianna kealar is live from washington...
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Jan 2, 2013
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with a bill that, if the vote full voting- age allow us to go over the ceiling or we can try to come together and pass something that neither tside of the aisle will agree with 100 percent. -- 100%. we do not have to can to new fighting. we have got to make sure parrot what i fin. maybe we are moving in the right direction and maybe we are moving toward -- forward. >> we expect them back any minute now. we do not know yet exactly what all happened -- what will happen. what we are hearing from several different sources is the rules committee is going to bring it up and it will be a straight up or down vote on the senate bill. the house will come back into session any minute now. off.ight have to cut an let's hear more voices. here are tweets -- let's hear voices on the phone. linda, what do you think? >> i do not think they know how to cut a budget. my family had to cut things whenever we had to do without. we could not go on vacation. sometimes, mother had to work overtime at western union. she worked until she was 82. she worked until she was 82. my dad was a teacher for 27 years. >
with a bill that, if the vote full voting- age allow us to go over the ceiling or we can try to come together and pass something that neither tside of the aisle will agree with 100 percent. -- 100%. we do not have to can to new fighting. we have got to make sure parrot what i fin. maybe we are moving in the right direction and maybe we are moving toward -- forward. >> we expect them back any minute now. we do not know yet exactly what all happened -- what will happen. what we are hearing...
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i voted to raise the debt ceiling last year. it's something that i never thought i would do when i came to washington. i did it because it was part of the thing we called cut, cap and that fixed the problem or at least we believed fixed the problem. i'm willing to take difficult votes. i'm willing to do things i never thought i would do before, when you run a campaign, especially a first campaign for congress. but it has to fix the problem. we didn't fix the problem last night. we prevented ourselves from going over the fiscal cliff. we dug the hole of the deficit deeper. so, to your point is, yeah, i can see voting for stuff i never thought i'd vote for but it has to fix the problem. host: the cliff was designed to force congress to act responsibly. it didn't work. guest: he's not wrong. host: our democrats line. from georgia. caller: good morning and happy new year to my fellow americans. i have just a few words to say. i'm totally in agreement with everything both republicans and the democrats. but there's one thing that we a
i voted to raise the debt ceiling last year. it's something that i never thought i would do when i came to washington. i did it because it was part of the thing we called cut, cap and that fixed the problem or at least we believed fixed the problem. i'm willing to take difficult votes. i'm willing to do things i never thought i would do before, when you run a campaign, especially a first campaign for congress. but it has to fix the problem. we didn't fix the problem last night. we prevented...